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- H.R.7021
H.R.7021: To amend the Internal Revenue Code of 1986 to provide for distributions from 529 plans to pay certain early education expenses.
About This Bill
- Introduced Oct. 2, 2018
- Latest Major Action Oct. 2, 2018
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - Oct. 2, 2018
Bill Summary
This bill amends the Internal Revenue Code to allow tax-free distributions from qualified tuition programs (known as 529 plans) to be used for qualified early education expenses, subject to a limit of $10,000 per beneficiary. "Qualified early education expenses" are expenses for providing educational and other care to a child under age 5 (including childcare provided before and after school), as determined under state law and pursuant to...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Oct. 2, 2018 |
Referred to the House Committee on Ways and Means.
|
Oct. 2, 2018 |
Introduced in the House by Erik Paulsen (R-Minn.) |